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Singapore Prime Minister Cites Bitcoin As A Sign Of The Future During Speech

Singapore Prime Minister Lee Hsien Long cited bitcoin and block chain technology as innovations changing the banking industry during a congratulatory speech at the United Overseas Bank (UOB) 80th-anniversary dinner. Hsien Long emphasized the banking industry’s importance to his nation’s economy. He began his talk by reviewing the history of UOB, one of the country’s first banks. In 1935, during the Great Depression, a group of Chinese businessmen pooled their resources to set up the bank now known as UOB. It had a single branch in rented premises, and it engaged in short-term loans. It has much to celebrate, Hsien Long […]


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